HCM City, 8th March, 2018
PRESS RELEASE
The U.S. Department of Commerce released today the preliminary results of the 12th administrative review of the antidumping order on frozen warmwater shrimp from Vietnam. The calculated rate for the sole mandatory exporter, Sao Ta Seafoods Joint Stock Company (FIMEX VN), was announced as 25.39%. Because FIMEX was the only mandatory respondent in the proceeding, its rate was also deemed to be the appropriate rate for all other companies that Commerce decided were independent of the Vietnamese Government. FIMEX VN, the Vietnam Association of Seafood Exporters and Producers (VASEP), and all of its members are very concerned about this result and believe that it was issued in error.
For multiple years now, Vietnamese exporters have been examined during the administrative review process and none of them have received a dumping margin higher than a single-digit percentage rate. Indeed, FIMEX VN was examined in the 9thadministrative review and received a rate of 0%. “We are shocked by this result”, said Mr. Luc, FIMEX VN’s General Director. “We expected a rate of less than 2%, consistent with the result we received in the 9th review. Clearly, the Commerce Department made a mistake. Fortunately, this is only a preliminary decision, and we have the opportunity to show Commerce why this rate is obviously wrong.”
Indeed, careful analysis of the Commerce Department dumping margin program shows that they applied a conversion factor from headless to head-on shrimp incorrectly. If the conversion had been applied correctly, the margin would be only 1.19%.
FIMEX VN was scheduled to have a verification with U.S. Commerce Department officials in January, but the verification was postponed due to the U.S. Government shutdown. “We were ready for that verification, and I am sure we would have shown Commerce Officials why our rate was much lower”, said Mr. Luc. The verification has been rescheduled to July this year, and there will also be an opportunity to argue in briefs why the decision was made in error. VASEP and FIMEX VN are confident the rates announced today will be reduced in the final results expected to be issued in September. In the meantime, fortunately, the preliminary rate has no effect; it is only announced in order to allow the parties to argue why it is correct or not. No new rate will be imposed until the final results are issued./.
(seafood.vasep.com.vn) With a focus on sustainable development, high-tech application, and climate change adaptation, An Giang Province aims to maintain its brackish water shrimp production in 2026 at a level equivalent to the previous year. Specifically, output is projected to reach over 155,510 tons, serving both domestic consumption and export processing, thereby sustaining the fisheries sector’s key role in the local economic structure.
(seafood.vasep.com.vn) In the Mekong Delta, key pangasius farming provinces such as An Giang, Dong Thap, and Can Tho are accelerating the transition toward a circular economy model, contributing to higher product value and reduced environmental impact. Instead of focusing solely on farming and processing, the pangasius value chain is increasingly utilizing by-products and waste streams to generate added value.
(vasep.com.vn) Vietnam’s scallop exports are entering a phase of impressive growth, as the global market undergoes significant restructuring. In 2025, scallop export value reached nearly USD 66 million, up 49% from USD 44 million in 2024. This upward momentum has continued and accelerated into early 2026, with exports totaling USD 18.1 million in the first two months alone—an increase of 166% year-on-year. This represents an exceptionally high growth rate, reflecting the rapid expansion of a relatively new product segment within Vietnam’s mollusk export portfolio.
(seafood.vasep.com.vn) – On March 19, at the Government Headquarters, Prime Minister Pham Minh Chinh held a meeting with the European Commission (EC) inspection delegation on combating illegal, unreported and unregulated (IUU) fishing, led by Mr. Fernando Andresen Guimaraes, Head of Unit at the Directorate-General for Maritime Affairs and Fisheries (DG MARE).
(vasep.com.vn) Australia is emerging as one of the most stable and promising growth markets for Vietnamese shrimp. Amid global trade disruptions driven by geopolitical tensions—particularly conflicts in the Middle East—strengthening and expanding into stable markets like Australia has become increasingly important for Vietnam’s shrimp industry.
(seafood.vasep.com.vn) In the first two months of 2026, Vietnam’s squid and octopus exports reached over USD 111 million, up 23% compared to the same period in 2025. This result indicates a positive start for the sector, reflecting early signs of demand recovery in multiple markets from the beginning of the year.
(seafood.vasep.com.vn) In the first two months of 2026, Vietnam’s fisheries sector maintained positive growth momentum, with shrimp output exceeding 132 thousand tons. This result contributed to a strong increase in seafood export turnover, despite ongoing volatility in the global economy.
(seafood.vasep.com.vn) Vietnam’s tilapia exports maintained strong growth momentum in February 2026, with many markets recording sharp increases compared to the same period last year. In February alone, export value reached USD 8.4 million, up 148% year-on-year. Cumulatively, in the first two months of 2026, total tilapia export turnover hit USD 23 million, soaring 242% compared to the same period in 2025.
(seafood.vasep.com.vn) In global seafood trade, sensory evaluation is increasingly becoming one of the key “technical barriers” in many importing markets-especially the United States. Issues such as filth, and signs of decomposition/spoilage are often detected through sensory evaluation methods and remain common reasons for seafood import alerts, detentions, or shipment rejections.
Shrimp has been the most important export product of Vietnam’s seafood industry for many years, typically accounting for 35–45% of the country’s total seafood export value. With a well-developed farming, processing, and export system, Vietnam has become one of the world’s leading shrimp exporters.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
Chịu trách nhiệm: Ông Nguyễn Hoài Nam - Phó Tổng thư ký Hiệp hội
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Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu
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